IRRV Alert - week ending 3rd February 2023

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Local Government Pension Scheme: Changes to the Scheme Advisory Board cost management process (30 January 2023)

Open consultation

Local Government Pension Scheme: Changes to the Scheme Advisory Board cost management process

From:
Department for Levelling Up, Housing and Communities
Published
30 January 2023

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Applies to England and Wales

Summary

This consultation seeks views on proposals to amend the rules of the Local Government Pension Scheme in England and Wales.

This consultation closes at
11:45pm on 24 March 2023

Consultation description

The consultation covers minor technical amendments to the scheme regulations governing the Scheme Advisory Board (SAB) ‘cost management process’. The SAB cost management process operates symmetrically, so that if valuations show that the costs of providing benefits have risen or fallen outside of a target range, recommendations must be made which would bring costs back towards the target.

Documents

 

Local Government Pension Scheme: Changes to the Scheme Advisory Board cost management process

HTML

Ways to respond

Respond online

or

Email to:

LGPensions@levellingup.gov.uk

Write to:

Local Government Finance Stewardship
Department for Levelling Up, Housing and Communities
2 Marsham Street
London
SW1P 4DF

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Published 30 January 2023


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